In the United States approximately 80 percent of millionaires did not inherit their wealth.This statement is an example of

Question

Quizplus · Accepted Answer

The statement about 80% of millionaires not inheriting their wealth is an example of economic mobility, meaning that people can move up or down the economic ladder based on their own efforts and abilities rather than being limited by the circumstances of their birth. It is not necessarily related to transitory income or government anti-poverty programs.

In the United States Approximately 80 Percent of Millionaires Did